GuocoLand recently announced that it has secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation. The first facility, a $1.135 billion green loan, will be used to refinance Guoco Midtown, while the second facility, a $105 million green loan, is for the refinancing of Midtown Bay. According to the property developer, the $1.135 billion green facility is its largest to date, and was raised under GuocoLand’s Green Finance Framework. The company has now secured a total of $5 billion in green financing, including facilities for other developments such as Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development.
“This latest refinancing activity allows us to optimize our capital structure while staying true to our commitment to creating thoughtfully designed spaces that balance economic, environmental and social factors,” explains GuocoLand’s Group CFO, Andrew Chew. The company has consistently integrated sustainability into its business strategies, and the use of green financing further reflects its dedication to promoting sustainable development.
Investing in real estate in Singapore requires careful consideration of various factors, with location being a crucial aspect for many investors, especially when it comes to condos. The strategic placement of a property can greatly impact its value, and this is even more evident in central areas or those near important facilities such as schools, shopping malls, and transportation hubs. Iconic locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently experienced growth in property values over time. Families often prioritize condos in these areas due to their convenient placement near reputable schools and educational institutions, making them highly desirable and a wise investment. For those planning to venture into the Singapore real estate market, it is essential to carefully consider the location and future potential, particularly in the sought-after condo segment. To make the most out of your investment, be sure to choose a prime location like a condo.
In related news, GuocoLand’s Guoco Tower has recently been awarded the Green Mark Platinum certification by the Building and Construction Authority (BCA), making it one of the most sustainable buildings in Singapore. The company’s commitment to sustainability extends beyond just its developments, as it also actively participates in sustainability initiatives and supports community projects.
Shares in GuocoLand closed at $1.45 on January 15. The company’s latest achievement further solidifies its position as a leader in sustainable development and reinforces its commitment to creating spaces that benefit both the environment and the community.